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Nov 17, 2012
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ronald reagan was in the white house. over 18 years greenspan led the central bank of the world's chargest economy through good times and bad. now six years after he's left the job, his successor ben bernanke is warning of the danger of plunging over the fiscal cliff. i've been warning you about the catastrophic effects that could have on america's already fragile recovery. but some say that it's fear mongering. i spoke with allen greenspan who was in washington at a peterson foundation event to discuss the fiscal cliff and i asked him point blafrpnk, do you believe u.s. can go in a recession as a result of the fiscal cliff? >> most certainly. remember, all the forecasts come off models which didn't catch the 2008 crisis. and so you have to be very careful about using them to evaluate this type of problem. >> the last time washington faced the expiration of the bush era tax cuts in 2010, you said in interviews they should follow the law and let them expire for everyone. now putting aside the other parts of the fiscal clif
ronald reagan was in the white house. over 18 years greenspan led the central bank of the world's chargest economy through good times and bad. now six years after he's left the job, his successor ben bernanke is warning of the danger of plunging over the fiscal cliff. i've been warning you about the catastrophic effects that could have on america's already fragile recovery. but some say that it's fear mongering. i spoke with allen greenspan who was in washington at a peterson foundation event...
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Nov 17, 2012
11/12
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in a nutshell, what ronald reagan understood was a conservatism was not defined by its resentment. but which actually had a smile on its face. much like reagan himself. that is why it into a curious sort of way, it seems republicans, not out of breath out -- not out of nostalgia am i think for conservatives you can do a lot worse thing go back and look at the real reagan. the pragmatic reagan. the reagan who was willing under certain circumstances to raise taxes. the reagan willing to put dick on his ticket in '76 or george bush four years later. >> the tax policies that some precedent. do you think the fiscal cliff and the presence of the debt ceiling are enough to overcome this culture of obstruction? >> i am not sure it will overcome the culture of destruction. that is in many ways an outgrowth of the political system that we have built. on the other hand, you may not have to overcome the culture of obstruction. only have to pick up -- pick off x number members of congress. >> he said it was time for republicans to stopping this departed. whether you agree with that are not -- s
in a nutshell, what ronald reagan understood was a conservatism was not defined by its resentment. but which actually had a smile on its face. much like reagan himself. that is why it into a curious sort of way, it seems republicans, not out of breath out -- not out of nostalgia am i think for conservatives you can do a lot worse thing go back and look at the real reagan. the pragmatic reagan. the reagan who was willing under certain circumstances to raise taxes. the reagan willing to put dick...
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Nov 17, 2012
11/12
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MSNBC
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back in 1982, even the gop hero ronald reagan instituted one of the largest tax increases in modern american history. what's going on? i this i it comes down to one important word, than word actually isn't taxes. it's power. here at the fiscal cliff base camp are the same players in the same chairs, the same issues as 2011 but man, the power dynamics have changed. if last year the name of the game was hold the line, this year the opening salvos are more about let's get things done. here is house speaker john boehner yesterday after meeting with the president. >> i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. to show our seriousness, we've put revenue on the table. >> now, in politics, much of power is about perception. in a post re-election 2012, perceptions are mighty different. here's the president at his first post re-election press conference on wednesday. >> if there was one thing that everybody understood was a big difference between myself and mr. romney, it was when it comes to how we redu
back in 1982, even the gop hero ronald reagan instituted one of the largest tax increases in modern american history. what's going on? i this i it comes down to one important word, than word actually isn't taxes. it's power. here at the fiscal cliff base camp are the same players in the same chairs, the same issues as 2011 but man, the power dynamics have changed. if last year the name of the game was hold the line, this year the opening salvos are more about let's get things done. here is...
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Nov 17, 2012
11/12
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WUSA
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ronald reagan made his progress with the soviets in the second term. bill clinton almost got a middle east peace deal in the second term. so i do think there's a sense when you look abroad the president has more opportunities to leave a mark. >> john do you think, those that the scandal involving cia director former cia director david petraeus could derail the efforts he's trying to get going here? >> this one won't derail it but it's a very good example of the kind of thing that tends to turn up for season in more in a second term. you know iran-contra for president reagan rather famously president clinton's impeachment was in the second term. so it may not be this one, but, you know there is kind of a coincidence that time consuming scandals do pop up in those last four years. >> it's interesting you bring up legacy. one of the issues with the fiscal cliff is what kind of legacy would john boehner or the president leave behind when they leave office if they can't get a deal done and what about a second term compromising and going your own route. >> t
ronald reagan made his progress with the soviets in the second term. bill clinton almost got a middle east peace deal in the second term. so i do think there's a sense when you look abroad the president has more opportunities to leave a mark. >> john do you think, those that the scandal involving cia director former cia director david petraeus could derail the efforts he's trying to get going here? >> this one won't derail it but it's a very good example of the kind of thing that...
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Nov 17, 2012
11/12
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CNNW
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ronald reagan's second term -- >> a few months ago, i told the american people i did not trade arms for hostages. my heart and my best intentions still tell me that's true, but the facts and evidence tell me it is not. >> reporter: the iran contra affair. bill clinton -- >> i did not have sexual relations with that woman. >> reporter: impeached after the lewinsky mess. and george w. bush, well, there was the valerie plame spygate scandal, not to mentioning the handling of hurricane katrina. that's trouble for roughly 100% of re-elected presidents since 1972. yes, it's enough to give you second thoughts about that second term. so is there anything the obama team can do to prevent this? now, as bill clinton might say. >> it depends upon what the meaning of the word "is" is. >> reporter: the fact is, if there is going to be a second-term scandal, its seeds were probably sewn in the first term. the watergate break-in, nixon's first term. the actual iran contra deal, reagan's first term. bill clinton's liaison with lewinsky, first term. the actual plame leaks, first term. so if the obama tea
ronald reagan's second term -- >> a few months ago, i told the american people i did not trade arms for hostages. my heart and my best intentions still tell me that's true, but the facts and evidence tell me it is not. >> reporter: the iran contra affair. bill clinton -- >> i did not have sexual relations with that woman. >> reporter: impeached after the lewinsky mess. and george w. bush, well, there was the valerie plame spygate scandal, not to mentioning the handling...
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Nov 17, 2012
11/12
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CSPAN2
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the statistics you compare that to us when ronald reagan ran for reelection in 1984, the similar situation he raised money for his primary and the party come even though he took the public general election funding he attended for fundraisers in that year. what are we doing when we have the president running around? as i recall the nevada event after libya was a fundraiser. this is the fourth of his time in office is this election year and a spinning in a fundraisers. romney skeen skeen videotaped it is fundraisers talking about the 47% in a private room with people that's what they want to hear. that's who he's meeting with all the time. so this is a problem for both sides and were going to see the pressure in the house and senate races. >> we only have a minute left, but it does to hear if there is an action of some sort taken to compel disclosure or the higher degree of independence for whatever measures the face. the vision of the future two, three, four cyclists on the road butter politics is going to look like. you were describing a minute ago the growth of the party structure compose
the statistics you compare that to us when ronald reagan ran for reelection in 1984, the similar situation he raised money for his primary and the party come even though he took the public general election funding he attended for fundraisers in that year. what are we doing when we have the president running around? as i recall the nevada event after libya was a fundraiser. this is the fourth of his time in office is this election year and a spinning in a fundraisers. romney skeen skeen...
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Nov 17, 2012
11/12
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ronald reagan inherited a struggling economy. and reagan implemented policies 180 degrees opposite those of obama. incentive jacking up taxes, he slashed taxes. instead of exploding spending on the debt, he restrain the growth of spending and instead of unleashing the the regulators, by the way, what i think the regulators i can't help think of mr. burns saying release the hounds. [laughter] instead of releasing the hounds of regulators and small businesses a notch when there is, reagan limited regulation and the result was one of the most extraordinary burst of economic proactivity our nation has ever seen. the fourth-year regulation precisely corresponds to write here, the fourth year of obama's president be. anyone know what gdp growth was in 1984? 7.2%. our ideas work, their ideas don't. if you want growth, if you want jobs, if you want 23 million people struggling to find to get jobs, the answer is that the unique growth. they simplify the tax burden, reduce regulations and punching small businesses a notch for viewers. it s
ronald reagan inherited a struggling economy. and reagan implemented policies 180 degrees opposite those of obama. incentive jacking up taxes, he slashed taxes. instead of exploding spending on the debt, he restrain the growth of spending and instead of unleashing the the regulators, by the way, what i think the regulators i can't help think of mr. burns saying release the hounds. [laughter] instead of releasing the hounds of regulators and small businesses a notch when there is, reagan limited...
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Nov 17, 2012
11/12
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, it tried to put facts behind ronald reagan saying we fought a war on poverty and poverty won. he basically argued the welfare state had hurt poor people particularly african-americans by discouraging marriage, encouraging laziness, encouraging people to have children out-of-wedlock. he put all the blame on poverty programs. as i was writing this book charles murray writes another book called coming apart:the state of white america and charles murray is now basically saying the same thing about white lower class, really working class men, white men, that he was saying about african-americans in the 80s, that they are working less and getting married less frequently not because of any change in the economy or in culture but because they can be supported by government. he also blamed feminism and that is very interesting. he really has an analysis that says working-class white people struggling because they are lazy and don't get married and hook up. so i started to think white people are starting to say the same thing about you, so mitt romney's 47% remark where he was talking a
, it tried to put facts behind ronald reagan saying we fought a war on poverty and poverty won. he basically argued the welfare state had hurt poor people particularly african-americans by discouraging marriage, encouraging laziness, encouraging people to have children out-of-wedlock. he put all the blame on poverty programs. as i was writing this book charles murray writes another book called coming apart:the state of white america and charles murray is now basically saying the same thing...